What Is the Net Present Value of a Project with the Following

Multiple Choice

What is the net present value of a project with the following cash flows and a required return of 12%? $$\begin{array} { c c } \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 28,900 \\1 & \$ 12,450 \\2 & \$ 19,630 \\3 & \$ 2,750\end{array}$$

A) -$287.22
B) -$177.62
C) $177.62
D) $204.36
E) $287.22